AWIS WOOL MARKET REVIEW
Week Ending 9 October 2020 (Week 15)
The AWEX EMI finished 26¢ higher (+2.6%) in Australian currency and 20¢ higher (+2.8%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 15.
28,346 bales were on offer nationally, compared with 29,302 bales last sale. 5.2% of the offering was passed in after 11.3% of the potential offering was withdrawn prior to sale. 26,862 bales were sold.
AWEX reports that the value of the wool sold was $32.7 million ($1,217 per bale), taking the season total to $349.5 million ($1,160 per bale). The number of bales sold at auction this season is now 3.3% greater than in 2019/20.
The New Zealand Merino Company also offered 1,322 bales in Melbourne on Wednesday, of which 2.3% were passed in.
